Market Snapshot
The photo IC market size and share is expected to reach around USD 9 billion by 2023, growing at a CAGR of around 22% during the forecast period. Furthermore, the global photo IC market is projected to reach approximately USD 70 billion by 2035.
Market Overview
Photo ICs are integrated circuit chips that integrate optical components such as photo ICs, waveguides and lasers with electronic components such as transistors, amplifiers and signal processing circuits. As an essential element of optoelectronics, photo ICs are small, enabling improved performance, high integration and low power consumption. They are used in a wide range of applications, including optical communication systems, optical sensing, optical interconnects, medical imaging and spectroscopy. According to our research, the proliferation of consumer electronics products such as smartphones, tablets and wearable devices is driving the demand for photo ICs. These devices use photo ICs for a variety of applications such as ambient light sensing, proximity detection, gesture recognition and biometrics. The global consumer electronics industry is currently valued at USD 1.5 trillion and is expected to grow at a CAGR of 5% during the forecast period.
Key trends in the photo IC market
Mar 2022 EFFECT Photonics and Jabil Photonics have announced a collaboration to develop the next generation of coherent optical modules. The module is targeted at cloud DCI (Data Centre Interconnect) network operators and hyperscalers who want the high-performance DD performance of QSFPs, space savings, low power consumption and cost, field interchangeability and vendor interoperability benefits of Targeted at. Provides a unique solution.
In March 2022, Colourchip Group, a vertically integrated pioneer in heterogeneous silicon photonics, and Scorpios Technologies announced that they will utilise Scorpios’ disruptive optics technology to produce optical modules at unprecedented prices. Strategic partnership established.
Photo IC market growth factors
- Rising consumer demand for high-speed communications – the emergence of data centre cloud connectivity services, ultra-wideband video services and 5G mobile network services is expected to drive the development of optical transmission network technology. Facilitate the use of optical integrated circuits in systems.
- Today, this growth is fuelled by mobile access. All smartphones and tablets will be able to make video calls, making it more convenient to watch video over a network connection anytime, anywhere. The impact of this driver is expected to increase over the forecast period.
- Photonics Integrated Circuits can be designed on a variety of platforms, but effective on-chip photoshaping requires direct bandgap semiconductors. Traditionally, the first photonics integrated circuits with lasers were realised on InP or GaAs substrates.
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